NOVZ vs BITS

Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and GLOBAL X BLOCKCHAIN & BITCOIN STRATEGY ETF (BITS, ETF).

5-Year PerformanceNOVZ has outperformed BITS, delivering a return of +11.0% compared to +0.3%

NOVZ vs BITS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVZ(ETF)	BITS(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.79%	0.65%
Max Drawdown	16.96%	83.43%
Sharpe Ratio	1.40	0.36
5Y Beta	0.74	2.00

Net Assets

NOVZ

$31M

Winner

BITS

$31M

Expense Ratio

NOVZ

0.79%

Winner

BITS

0.65%

Max Drawdown

Winner

NOVZ

16.96%

BITS

83.43%

Sharpe Ratio

Winner

NOVZ

1.40

BITS

0.36

5Y Beta

Winner

NOVZ

0.74

BITS

2.00

NOVZ vs BITS - Holdings Comparison

NOVZ and BITS have 0 common holdings. Overlap is 0.00%

NOVZ's top 25 holdings weight is 0.11%. BITS's top 25 holdings weight is 90.90%.

Rank	NOVZ	BITS
#1	STATE STREET INSTL US GOVT MMKT ADMIN (SALXX) - 0.11%	GLOBAL X BLOCKCHAIN ETF (BKCH) - 57.52%
#2	N/A	GLOBAL X 1-3 MONTH T-BILL ETF (CLIP) - 33.38%
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	2

NOVZ vs BITS - Historical Returns

Returns include dividend reinvestment.

Period	NOVZ	BITS
1 month	+0.34%	-12.30%
3 months	+8.56%	+13.06%
6 months	+6.76%	-7.19%
1 year	+17.99%	+10.55%
5 years(CAGR)	+10.98%	+0.32%
Max(CAGR)	+13.69%	+0.32%

Winner

NOVZ

+0.34%

BITS

-12.30%

NOVZ

+8.56%

Winner

BITS

+13.06%

Winner

NOVZ

+6.76%

BITS

-7.19%

Winner

NOVZ

+17.99%

BITS

+10.55%

5Y(CAGR)

Winner

NOVZ

+10.98%

BITS

+0.32%

Max(CAGR)

Winner

NOVZ

+13.69%

BITS

+0.32%

NOVZ vs BITS - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	NOVZ	BITS
2026	+6.68%	-6.49%
2025	+13.16%	+11.36%
2024	+19.69%	+58.93%
2023	+18.35%	+211.93%
2022	-9.93%	-75.53%
2021	+22.93%	-29.31%
2020	+10.30%	N/A

NOVZ vs BITS Drawdown Comparison

The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.

The maximum drawdown for BITS was -83.11%, occurring on Dec 28, 2022. Recovery took 759 trading sessions.

The current NOVZ drawdown is -1.96%. The current BITS drawdown is -34.32%.

Rank	NOVZ	BITS
#1	-16.62% Dec 29, 2021 - Jun 15, 2023	-83.11% Nov 16, 2021 - Nov 22, 2024
#2	-14.63% Feb 19, 2025 - Jun 27, 2025	-48.24% Oct 15, 2025 - Mar 30, 2026
#3	-8.30% Jul 31, 2023 - Dec 8, 2023	-43.73% Dec 17, 2024 - Jul 14, 2025
#4	-7.19% Jul 16, 2024 - Sep 19, 2024	-11.46% Jul 22, 2025 - Sep 10, 2025
#5	-6.72% Jan 12, 2026 - Apr 15, 2026	-8.39% Dec 6, 2024 - Dec 17, 2024
#6	-4.53% Sep 3, 2021 - Oct 20, 2021	-8.33% Nov 22, 2024 - Nov 29, 2024
#7	-4.50% Mar 28, 2024 - May 15, 2024	-6.02% Sep 24, 2025 - Sep 29, 2025
#8	-3.90% Oct 29, 2025 - Dec 23, 2025	-3.90% Oct 9, 2025 - Oct 14, 2025
#9	-3.57% Feb 12, 2021 - Mar 11, 2021	-2.93% Nov 29, 2024 - Dec 4, 2024
#10	-3.50% Dec 6, 2024 - Jan 23, 2025	-2.62% Jul 14, 2025 - Jul 16, 2025
#11	-3.46% May 7, 2021 - Jun 11, 2021	-1.88% Sep 22, 2025 - Sep 24, 2025
#12	-3.35% Jun 2, 2026 - Jun 10, 2026	-1.55% Dec 4, 2024 - Dec 6, 2024
#13	-3.14% Nov 18, 2021 - Dec 23, 2021	-1.21% Jul 17, 2025 - Jul 22, 2025
#14	-2.89% Jan 21, 2021 - Feb 4, 2021	-1.10% Oct 6, 2025 - Oct 8, 2025
#15	-2.51% Jul 12, 2021 - Jul 23, 2021	-0.85% Sep 18, 2025 - Sep 22, 2025